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ETFs

First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund

MDIV
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 13 2012
Expense Ratio
0.72%
Type
US Diversified
Fund Owner
First Trust
Volume (1m avg. daily)
$784,977
AUM
$414,193,529
Associated Index
NASDAQ US Multi-Asset Diversified Income Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

HYLS
First Trust Exchange-Traded Fund III - First Trust Tactical High Yield ETF
19.95%
IEP
Icahn Enterprises L P - Unit
1.84%
RC
Ready Capital Corp
1.41%
RITM
Rithm Capital Corporation
1.30%
ARLP
Alliance Resource Partners, LP - Unit
1.27%
STWD
Starwood Property Trust Inc
1.26%
DMLP
Dorchester Minerals LP - Units
1.14%
LADR
Ladder Capital Corp - Ordinary Shares - Class A
1.13%
NSS
Nustar Logistics LP - FXDFR NT REDEEM 15/01/2043 USD 25
1.11%
USAC
USA Compression Partners LP - Unit
1.02%
Invest with MDIV

What is MDIV?

The Multi-Asset Diversified Income Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Funds fees and expenses, of an index called the NASDAQ US Multi-Asset Diversified Income Index. The index is a modified market capitalization-weighted index designed to provide exposure to multiple asset segments, each selected to result in a consistent and high yield for the index. The index is comprised of securities classified as equities (20%), real estate investment trusts (REITs) (20%), preferred securities (20%), master limited partnerships (MLPs) (20%) and a high yield corporate debt ETF (20%).

ETFs related toMDIV

ETFs correlated to MDIV include DON, ONEY, VBR

MDIV
First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund
DON
WisdomTree Trust - WisdomTree U.S. MidCap Dividend Fund
ONEY
SPDR Series Trust - SPDR Russell 1000 Yield Focus ETF
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
SPYD
SPDR Series Trust - SPDR Portfolio S&P 500 High Dividend ETF
VFVA
Vanguard Group, Inc. - Vanguard U.S. Value Factor ETF
IMCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Value ETF
EQAL
Invesco Capital Management LLC - Invesco Russell 1000 Equal Weight ETF
VOE
Vanguard Group, Inc. - Vanguard Mid-Cap Value ETF
FTA
First Trust Exchange-Traded Fund III - First Trust Large Capital Value AlphaDEX Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toMDIV

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#SAM

Spread Across the Market

Category

Getting Defensive, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with MDIV using Composer

FAQ

MDIV is a US Diversified ETF. The Multi-Asset Diversified Income Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Funds fees and expenses, of an index called the NASDAQ US Multi-Asset Diversified Income Index. The index is a modified market capitalization-weighted index designed to provide exposure to multiple asset segments, each selected to result in a consistent and high yield for the index. The index is comprised of securities classified as equities (20%), real estate investment trusts (REITs) (20%), preferred securities (20%), master limited partnerships (MLPs) (20%) and a high yield corporate debt ETF (20%).

MDIV tracks the NASDAQ US Multi-Asset Diversified Income Index.

MDIV dividend information: Preferred Stock. Dividend payouts may vary in terms of frequency of payouts.

No, MDIV is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, MDIV is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MDIV is 0.0081%. This is the percent change in the value of MDIV over the most recent 1-month period. The 3-month return on MDIV is 0.0373%. This is the percent change in the value of MDIV over the most recent 3-month period.

The standard deviation of MDIV for the past year is 0.1421%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MDIV include AOR, DRSK, and FPEI.

ETFs correlated to MDIV include DON, ONEY, and VBR.

ETFs that are inversely correlated to MDIV include RWM, SRTY, and TZA.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.